Tax, Tip, and Discount

Front

What is a commission?

Back

A commission is a percent of money you make from sales.

Front

How do you calculate commission?

Back

Commission = Price x Commission Rate (as a decimal).

Front

What is 5% of $4,500?

Back

$225.00

Front

When you receive a tip, do you add or subtract it from the total?

Back

Add.

Front

When you have tax, do you add or subtract it from the total?

Back

Add.

Front

What is 1% of 400?

Back

4.

Front

If a product costs $100 and has a 10% discount, what is the discount amount?

Back

$10.

Front

If a meal costs $50 and you want to leave a 15% tip, how much is the tip?

Back

$7.50.

Front

What is a discount?

Back

A discount is a reduction in the price of a product or service.

Front

How do you calculate a discount?

Back

Discount = Original Price x Discount Rate (as a decimal).